Technology won\'t kill but create jobs: Narayana Murthy

Technology won't kill but create jobs: Narayana Murthy

Press Trust of India  |  Bengaluru 

Emerging technologies such as (AI) and will not render people jobless in the future, but rather create more opportunities for humans, said here.

"AI definitely is a very important topical area of computer sciences. AI, machine learning, big data analytics, Internet of Things (IoT), these are all areas which are likely to make the lives of human beings even more comfortable," told

Giving the example of the US, the UK, and Japan, which embraced early on, he noted that these countries have been able to reduce unemployment rates to single digits.

According to a (WEF) report, the rapid evolution of machines and algorithms in the workplace could create 133 million new roles in place of 75 million that will be displaced by 2022.

"If you observe the economic history of this world in the last 50 years when computers started playing a bigger role, you can realise that those countries that absorb more enthusiastically, have reduced their unemployment much more than those which did not embrace technology, said.

Dismissing the argument that technology renders people unemployed he said that "it is not really true."

"What technology does is it provides an opportunity for human beings to move from drudgery tasks to tasks that require more and more human touch," he added.

Murthy noted the automated machines (ATMs) are a classic example of technology making human lives easier as they have removed "this whole drudgery of tellers" and brought the convenience of withdrawing money from a nearby machine whenever you want, and at any time.

"I am not a believer that technology will render societies into a state of higher and higher unemployment," he said on the sidelines of the Prize ceremony here on Saturday.

The Prize is an annual award given to scientists, researchers, engineers and social scientists by the (ISF) and ranks among the highest monetary awards in to recognise research.

Six eminent professors were awarded the Infosys Prize 2018 across different categories of science and research.

The annual award includes a pure gold medal, a citation, and a prize purse worth USD 100,000 (or its equivalent in Indian rupees).

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 07 2019. 13:51 IST